The Revent Newsletter - Fall 2024
Dear Reventors & Friends,
It’s back-to-school time in the world of venture, and the Revent team is ready to go!
Fresh off a wave of exciting portfolio developments, we’re looking forward to partnering with new companies, especially those working on solutions for the energy transition, industrial decarbonization, and the application of AI to preventive health. At the same time, we are further building out the Revent team and bringing together our community of mission-driven founders and investors at the Healthtech Connect and Super Climate events we’re hosting throughout the fall.
This sprint will round out a stellar year for Revent, in which we saw our first successful exit, several portfolio companies being preempted by top funds, and the successful start of our own raise for Revent II.
We’re now in conversation with select potential investors to join our mission to build the top-performing early-stage impact fund in Europe. If this resonates, feel free to reach out!
Without further ado, here’s a brief recap of the past few months.
🚀 Investment & Portfolio Updates
We’re proud to announce our investment in forward earth, an ambitious Berlin-based team tackling the enormous challenge of global supply chain sustainability and Scope 3 emissions. For details, see the press release.
Lots of positive developments among our portfolio recently, including two up-rounds and an exit:
On the back of significant traction, tem. has closed a great new round led by Atomico, with participation from from Wise CTO Harsh Sinha and CPO Nilan Peiris, to further scale their renewable energy platform - for more details see TechCrunch’s coverage! For our thinking behind our initial investment, we share here Why We Invested.
Apiday successfully raised a €10 million Series A with Daphni, AENU, SWEN Capital, and Galion.exe to expand its ESG platform helping financial institutions and corporates do business more responsibly. The team is now serving over 100 clients across 23 countries and growing! For more, see TechCrunch’s coverage.
Breakroom has been acquired by leading NYSE-listed talent platform ZipRecruiter! This successful exit will allow the team to launch their unique, community-powered job quality ratings in the US, enabling Breakroom to continue their important mission of improving the quality of hourly work. For more, see the announcement here.
Tomorrow Bank has achieved profitability, a major milestone on their mission to bring sustainability to our everyday financial choices!
Multiple portfolio companies received press coverage and awards for their outstanding work, including:
NetZeroNitrogen’s biological fertilizer replacement has been producing exciting results in their first proof-of-concept field trials - treatment with their formulation resulted in taller, bigger, greener rice plants, with increased yields while using less fertilizer)! Additionally, the company was runner up out of nearly 400 entries in KPMG’s competition for the UK’s Top Tech Innovators.
Resourcify is expanding globally! The company’s waste management & circular economy platform will launch in the US in 2025. For details, see this announcement. Also, CEO Gary Lewis was interviewed by BBC News - check out the segment here.
A study by Bonn University Eye Clinic, in partnership with Mirantus, provided promising evidence for the use of telemedicine in reaching underserved nursing home populations. For more details, see this article.
Atmen won multiple awards for their green hydrogen certification platform, including the H2-Age award at the National Hydrogen Economic Forum in Hamburg and the Start-up Excellence Award at Connecting Green Hydrogen Europe 2024 in Madrid.
As they continue to grow, our portfolio companies are hiring for 84 exciting positions, including:
Lead Data Engineer @ Sylvera
Head of Product @ Avelios Medical
Head of FOAK @ Farmless
For a full list of open roles, check out the Revent job board!
💡 Learnings & Publications
We released our 2023 Impact Report! Highlights include:
400,000+ lives improved and >550,000 tons of CO2e reduced by our portfolio companies so far
5.4x portfolio performance relative to impact goals set at investment
Our portfolio well exceeds European tech industry average in terms of diversity and ESG
European impact investing flows remains resilient against global headwinds
Over the past few months, we shared our deep dives into:
Stay tuned for upcoming dives into AI for health & climate. If you’re building or working in these spaces, we’d love to chat - reach out at sharon@revent.vc.
🤝 Events & Ecosystem
In June, we once again co-hosted Super Climate in Berlin, with Dr. med. Eckart von Hirschhausen as keynote speaker. 3 years after Revent co-founded the event series, we are proud to see Super Climate grow to 300+ participants, becoming one of the premier platforms for connecting climate capital.
Next up, we’ll continue co-hosting Super Climate in Malmö (Sep 16) and New York City (Sep 25) - for LP’s who would like to join, please email investors@revent.vc for an invite!
A few days later in June, we held our AGM at the Reethaus in Berlin. Thank you to all who joined us for founder pitches, a live recording of the Startup Insider podcast, and even meditative sound experiences! We wouldn’t be where we are today without our founders, LP’s, co-investors, and friends in the broader European impact tech community.
We are again co-hosting Healthtech Connect at Google Berlin on September 19, this time with nine other firms including Creandum, General Catalyst, and Lightrock, bringing together the most ambitious founders and ecosystem players in European healthcare. If you’re working in healthtech and would like to apply to join, please reach out to franca@revent.vc.
With that, we wish everyone a great start to the fall. Looking forward to seeing many of you around!
